NYC’s next tax lien ABS features lower exposure to vacant lots

New York City's next securitization of property tax liens features less exposure to vacant lots, which is generally considered to be a riskier asset than liens on commercial, residential or industrial property. Just 5.1% of the 3,554 tax liens totaling $ 91 million that back the transaction, NYCTL 2018-A Trust, are vacant lots, according to rating agency presale reports.

Foreclosure News

Similar Posts

Leave a Reply

Your email address will not be published. Required fields are marked *